Yes, I'm a Conservative, But SOME Rent Control IS Necesary

[Penelope]

Everywhere they are raising rents like that. The rich get richer and the poor get homeless.

No. Most housing complexes raise rent only in small degrees. Let's not go crazy here, just to engage in rich bashing.

Well you had best more quick.

Johnson City Average Rent
As of October 2018, average rent for an apartment in Johnson City, TN is $1002 which is a 27.74% increase from last year when the average rent was $724 , and a 0.9% increase from last month when the average rent was $993.

One bedroom apartments in Johnson City rent for $761 a month on average (a 17.61% increase from last year) and two bedroom apartment rents average $1033 (a 29.04% increase from last year).
Average Rent In Johnson City, Johnson City Rent Trends and Rental Comps

 

[airplanemechanic]

The day my rent went above what my mortgage would be, I bought a house. I'll be paying it off in a month or two. 8 years after I signed the papers.

 

[protectionist]

Then you'd like Knoxville...I have friends who play weekly at the Jig n' Reel in Knoxville.

It would have been my first choice, But there's no VA hospital there.

 

[protectionist]

I disagree. I believe that it should just be much easier to buy a home in the first place.

Sure it should, but that's going off topic a bit.

 

[protectionist]

Johnson City Average Rent
As of October 2018, average rent for an apartment in Johnson City, TN is $1002 which is a 27.74% increase from last year when the average rent was $724 , and a 0.9% increase from last month when the average rent was $993.

One bedroom apartments in Johnson City rent for $761 a month on average (a 17.61% increase from last year) and two bedroom apartment rents average $1033 (a 29.04% increase from last year).
Average Rent In Johnson City, Johnson City Rent Trends and Rental Comps

I've looked at the prices of dozens of apartments and homes in Johnson City, They are Waaaay below what you describe. You are looking at somebody's analytical numbers (however obtained). I'm looking at actual apartment complexes and houses being rented, and sold, right now, complete with photographs.
I could post hem here now if anyone was interested.

 

[protectionist]

You are a conservative, but....But you have railed in favor of the federal gov't taking over major league baseball.
You want people arrested for calling you a "dumbass".
You want people arrested if they don't stand for the anthem.
And you want rent control.

And those are just SOME of the views you have raved about.

But the thread is about the quantitative aspect of rent control, not me, or whatever happens to suit you to talk about at the moment. So I won't go off topic with you. It's YOU who needs to stay on topic, as the forum requires and requests.

 

[protectionist]

Saying we need rent control is like saying you need to put a gun in your mouth and pull the trigger. If you don't want your rent to go up, then buy a place. In places where they do have rent control people sign a lease and then live in that place for 30 - 40 years. The owners go bankrupt because after 30 years the rent no longer covers the upkeep on the property.

I didn't say we need rent control. I said we need SOME degree of rent control, ie. not unrestricted rent increases, that cause hundreds of families lives to be disrupted. Let's stay on topic.

 

[airplanemechanic]

Rent control is price fixing. I will never be in favor of that.

Next question.

 

[Bootney Lee Farnsworth]

I live in an apartment complex, that recently was bought by a new landlord. That landlord has been increasing expired lease rents by as much as 60%. Imagine that your rent is $600/month and suddenly it's damn near $1,000/month.

Whoa! For low income seniors on Social Security and small pensions, this aint gonna fly. Actually, younger people still in the workforce with higher incomes, aren't taking to well to it either. Practically everybody in this complex is moving out. Some people are moving in and paying the higher rents, but not as many as are moving out. I've never seen so many moving vans in my life.

Next May, I will be moving out too, and still haven't figured out where to move to. I have limitations because of a low credit score and income, but I'll find someplace, even if it's not as good as where I am now.

All this is because Florida has no limit of what landlords can raise rents to. The only thing limiting them is new residents' capability to pay, and what they are able to rent apartments for.

But there is another side to this, This isn't oil or minerals mined from the ground. It's not furniture being made and sold. This is about PEOPLE. And it's about people who have been living in this complex for years, and these apartments are their HOMES. One woman who just moved out, had been living here for 25 years. Longtime neighbor-friendships are being obliterated.

If landlords NEED to raise rents, (say 10% or less) for some reason, that's understandable, but to raise them by HUNDREDS of dollars, just for GREED, is not what we ought to be OK with in this country. When hundreds of people are forced out of their homes, this is unacceptable. As is the case with most conservatives, I also favor deregulation of business, but this is one case that is screaming for MORE regulation, to a reasonable degree.

You are a statist.

Conservatives generally are statist authoritarians, like their leftist counterparts. You propose a government intrusion, but it is okay in your mind because it is only when in certain exceptional situations (i.e. those effect you) and you forget or don't care about what such an intrusion does to landlords.

This is what distinguishes me (a liberal) from conservatives and leftists.

You can throw out all your excuses about this being an issue of people and their homes, but it is all the same and that excuse is nonsense. Who pays for the landlord's home? What do you think the landlord will do with the extra money?

If you were truly principled, you would never suggest such a statist authoritarian overreach--even one that benefits you or "people."

The market dictates price. If the landlords did not have the market support for such a price hike, they would never get away with it. There is high demand for rentals right now because nre home building is not keeping up with demand, making it harder for people to go from renting to buying. Thus, higher demand for rentals.

The good news is that there is always a market solution and/or an excellent opportunity for someone get wealthy solving the lack-of-supply problem. Landlords will likely use the temporary surplus to solve the problem by building more rental properties (increasing supply).

That is all I will say on the matter.

.

 

[protectionist]

I have a really hard time sympathizing. Comment after comment you rail about liberals and regulations and yet you want rent control to help YOU.

You wouldn't have a hard time if you looked at the scenario, thoughtfully. Some scenarios require some regulation ; others are overregulated. And some are underregulated. This just happens to be one of those.

And the thread isn't about sympathy. It's about propriety.

 

[dblack]

I love all these threads by Trumpster "conservatives" that go on to spout the usual statist crap.

I'm a conservative, but .... RIIIIIGHT.

Hardly any here in support of price fixing.............LOL

The OP does. There's another thread by a so-called 'conservative' supporting single-payer. Anyone wanna bet Trump will support single-payer before his term is up?

You put up a straw man quote and I responded.........one person thinking that it's right doesn't equate all the posters........

I didn't say it equated to "all the posters". You're reading too much into my comment.

 

[protectionist]

what do you expect when a brain surgeon who turned down the position to be sec of HHS because it was 'too complicated' (ironically though he ran for potus) then accepts the position of sec of HUD? what qualifications did he possess to be considered for such a position? cause he had the right 'look'?

trump has installed the most incompetent individuals to head every dept in order to destroy them. betsy devos for ed sec? scott pruitt & now his replacement for sec of EPA?

what did you expect was gonna happen?

Not watching what thread you happen to be in, huh ? One too many beers today ? Hope you find your way back.

 

[protectionist]

Yes, I'm a Conservative, But SOME Rent Control IS Necessary
So, suddenly it is your ox being gored and the owners of property are to have their incomes dictated by government force.

That poor ox is sure getting rough time today. Maybe he should have left town for the holidays.

 

[Ray From Cleveland]

Saying we need rent control is like saying you need to put a gun in your mouth and pull the trigger. If you don't want your rent to go up, then buy a place. In places where they do have rent control people sign a lease and then live in that place for 30 - 40 years. The owners go bankrupt because after 30 years the rent no longer covers the upkeep on the property.

I didn't say we need rent control. I said we need SOME degree of rent control, ie. not unrestricted rent increases, that cause hundreds of families lives to be disrupted. Let's stay on topic.

The problem is when you have rent control, you have profit control. If I was in the position to buy an apartment building of 100 units, I need to make X profit off of it every year for it to be worth my time. Otherwise I would take that money and invest it somewhere else.

This is a Pandoras Box. If we allow rent control, then what's next? Rental car price control? Gasoline price controls? Utility price controls? Why just rent control?

 

[protectionist]

uh... where the hell do you think guidelines originate? wow- you didn't think that one thru, did you?

They can originate at any govt level > federal, state, county, local.

But rent control is generally a local thing.

 

[protectionist]

Which part of the State are you looking at........and have you used your VA loan.............You can still get a guaranteed loan on that with bad credit. You can also talk to real estate companies to help you look for a home in your price range. I have a Brother N law who doesn't make much. Got into a brick home with a fenced in yard for only $350 a month. Only about a 1000 square foot but very nice for such a low price.

If you rent you are always at the mercy of the land lord. And even with bad credit you can possibly better your situation by buying.

I have already looked into buying. One mortgage company said I could get a VA loan "no down payment", and then said the "closing costs" would be $7,000. I asked 5 companies to get back to me when they have houses that I could move into just by doing what rentals do. Pay the first months rent, a security deposit, pet fee, and keep on paying monthly payments. None ever called back.

 

[Ray From Cleveland]

Which part of the State are you looking at........and have you used your VA loan.............You can still get a guaranteed loan on that with bad credit. You can also talk to real estate companies to help you look for a home in your price range. I have a Brother N law who doesn't make much. Got into a brick home with a fenced in yard for only $350 a month. Only about a 1000 square foot but very nice for such a low price.

If you rent you are always at the mercy of the land lord. And even with bad credit you can possibly better your situation by buying.

I have already looked into buying. One mortgage company said I could get a VA loan "no down payment", and then said the "closing costs" would be $7,000. I asked 5 companies to get back to me when they have houses that I could move into just by doing what rentals do. Pay the first months rent, a security deposit, pet fee, and keep on paying monthly payments. None ever called back.

I think I would check into that myself instead of through somebody else. Maybe times have changed, but when purchased my properties, they put the closing costs into the loan which made it more money per month, but at least the cost was divided out for 30 years. I would think the VA would have something similar if not better than that.

 

[protectionist]

Having to Decide between Alabama, South Carolina and Tennessee.... great planning

What's this ? Geograghic bigotry ? Those states all look fine to me. You have a problem ?

 

[protectionist]

]
Yes, because unqualified people buying houses worked SO WELL last time!

This is about qualified people.

 

[protectionist]

Yes he does. Being a smaller gov't conservative, until he wants something from the gov't.

I never said I was for smaller govt. I'm willing to spend plenty of tax$ depending on the expenditure. Here's a few good ones > the military, ICE, CBP, DEA,